Vietnam and Singapore Sign Second Protocol to Amend DTA
Jan. 16 – On September 12, 2012, Singaporean Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Vietnamese Minister of Finance Vuong Dinh Hue signed a second Protocol to amend the existing double taxation agreement (DTA) between the two countries. The DTA entered into force on January 11, 2013 in Singapore, and will be […]
China Expat Tax Filing and Declarations for 2012 Income
Individual income tax finalization for foreigners in China By Eunice Ku Jan. 14 – Individual income tax (IIT) is normally withheld from wages or salaries by employers and paid to the tax authorities on a monthly basis (within 15 days of the end of each month). An annual IIT declaration should be submitted to tax […]
Annual Tax Finalization in Vietnam
Jan. 11 – At the end of the year, in addition to completing corporate income tax (CIT) finalization, enterprises must complete personal income tax (PIT) on behalf of their employees. Following the finalization process at the end of the fiscal year, or when terminating the investment project in Vietnam, foreign investors are allowed to remit […]
New U.S. Commercial Service China Business Handbook for 2013
Complimentary Download, Co-Written By Dezan Shira & Associates Jan. 9 – The U.S. Commercial Service has just published the third edition of the popular China Business Handbook for the year 2013, with chapters contributed by selected foreign investment firms, including Dezan Shira & Associates. “The China Business Handbook looks closely at important e-commerce trends, explores […]
New Issue of Asia Briefing: Are You Ready for ASEAN 2015?
In the first issue of Asia Briefing magazine, we focus on the new dawn that ASEAN free trade brings to the entire region, as well as the dramatic added impact of pan-Asian free trade agreements such as the Regional Comprehensive Economic Partnership.
New Issue of China Briefing: Annual Compliance, License Renewals & Audit Procedures
In this issue of China Briefing Magazine, we discuss annual compliance requirements for China foreign-invested entities and detail the full audit processes for representative offices, wholly foreign owned enterprises, and joint ventures in China.
China’s Current Business Environment: It’s Not Tough, Just Comply
Op-Ed Commentary: Chris Devonshire-Ellis Jan. 4 – Recent media commentary has been suggesting that the business environment in China has worsened for foreign investors over the past year. Although China is still evolving as an emerging market, I disagree with the basic premise that it is becoming tougher, and even unwelcoming, to foreign investors. A […]
Chinese Outbound Foreign Direct Investment Faces Rigorous Scrutiny
Understanding the complex regulatory approval process for China’s outbound foreign direct investments By Chet Scheltema, Frank Yang, and David Chan from Dezan Shira & Associates Dec. 31 – Times are changing for the global financial community. China was the largest investor in developing economies in 2010 and 2011, with total outbound foreign direct investment (OFDI) […]
The Complete ‘China 2012: A Year in Review’ Series
China Briefing has recently published several specially-commissioned pieces written by well-known China writers to summarize the key events of 2012 and points to look forward to in 2013. The complete series is summarized and hyperlinked here for your convenience.
New Issue of Vietnam Briefing: Annual Compliance and Audit
Dec. 24 – The new issue of Vietnam Briefing Magazine, titled Annual Compliance and Audit, is out now and temporarily available as a complimentary PDF download on the Asia Briefing Bookstore. In Vietnam, the standard tax year is typically the calendar year, and therefore the deadline for foreign-owned entities to submit audited financial reports to […]